I received my sword today. I am very pleased with the quality... the only "issue" is that I received the Ronin version instead of the Dragon one I ordered but I must say, I am not even slightly disappointed (as a matter of fact.. in hindsight I think it might be better as the Dragon theme has become a bit cliche'). I will not be playing "warrior" with it so the shortcomings in hacking water bottles and buses do not apply.
Wow, What a Katana. Great Balance and wicked Sharp right out of the box. Have not found a Katana this well made at the price I paid. I would recommend to anyone who is looking for a quaility Katana at a good price.